Summary

The India Construction Chemical market is experiencing significant growth, with projections estimating a market value of USD 6.68 billion by 2031. This growth corresponds to a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031. According to Fairfield Market Research, the market’s expansion is being fueled by increasing investments in infrastructure, innovative construction solutions, and government-led initiatives such as Make in India.

India’s construction chemical industry is set to expand significantly, driven by rapid urbanization, infrastructure development, and a rising demand for sustainable construction practices. The market is expected to reach USD 2.8 billion by 2024 and continue its upward trajectory, with substantial contributions from key regions such as North and South India.

Drivers of Growth

1.Government Expenditure: The Indian government has allocated USD 133.9 billion for infrastructure in FY25, with a strong emphasis on roadways, railways, and housing projects.

2.Housing and Urbanization: Rising demand for affordable housing and urban development has led to the increased adoption of advanced construction chemicals.

3.Sustainability: There is a growing focus on environmentally friendly construction techniques, such as admixture concrete, for creating airtight and durable designs.

Business Opportunities

The construction chemical market offers numerous lucrative opportunities, including:

•Commercial Projects: High adoption of eco-friendly materials in rapid construction techniques.

•Research and Development: Investments in developing innovative construction chemicals to meet evolving market needs.

•Large-Scale Infrastructure: Mega projects like metro expansions, highways, and industrial corridors are driving demand for construction chemicals.

Regional Highlights

South India

The demand for construction chemicals in South India is anticipated to remain robust, driven by commercial and industrial investments. Key states in the region, including Tamil Nadu, Karnataka, Andhra Pradesh, and Kerala, benefit from the region’s IT services hub status and industrial expansion. Prominent cities such as Bengaluru, Chennai, and Hyderabad are experiencing growth in commercial building developments, with mega projects further fueling demand.

North India

North India is expected to maintain its dominance, contributing approximately one-third of the overall construction chemicals market in the country. This growth is attributed to rapid infrastructural development and a growing population, driving the need for additional residential and commercial spaces. Key states such as Punjab, Haryana, Delhi, and Uttar Pradesh are leading in construction chemical demand.

Challenges in Market Growth

Despite its promising potential, the market faces challenges, including:

1.Skilled Labor Shortage: A lack of trained personnel in project management and construction limits market growth.

2.Outdated Techniques: Many builders remain reliant on traditional methods like Brick Bat Coba, showing resistance to adopting advanced materials such as PU Foam and crystalline waterproofing.

3.Conservative Technology Use: Limited awareness and adoption of modern construction technologies hinder market expansion in certain regions.

Competitive Analysis

Key Players in the Market

The India Construction Chemical market is shaped by several prominent companies, including:

•SIKA AG

•Master Builder Solutions

•Dow Chemicals

•RPM International Inc.

•MAPEI Construction Products India Pvt. Ltd.

•Akzo Nobel NV

•Pidilite Industries

•Chembond Chemicals Ltd.

•Flowcrete India

•Fosroc International

•CICO Technologies Limited

•MC-Bauchemie

•W. R. Grace & Co.-Conn.

•Saint-Gobain S.A.

•KERAKOLL India Pvt. Ltd

•Ardex Endura

•Magicrete

•Balmer Lawrie & Co. Ltd

•Cera-Chem Pvt. Ltd.

•Choksey Chemicals Private Limited

•MYK LATICRETE

•GCP Applied Technologies



These companies are heavily investing in manufacturing facilities and R&D to capture a larger share of the growing market.



India Construction Chemical Market Segmentation



By Product Type:

•Concrete Admixtures

oPlasticizers (lingo, SNF, PCE)

oAccelerators

oRetarders

oAir Entertainers

•Waterproofing Chemicals

oBitumen

oPVC

oEPDM

oTPO

oPTFE

oSilicone

oAcrylic Polymers

oSBR (Styrene-butadiene)

oCementitious Membrane

oPU Membrane (Liquid-applied Membrane)

oCrystalline

oAdditives in Waterproofing

•Protective Coatings

oEpoxy

oPolyurethane

oAcrylic

oAlkyd

oPolyester

oOthers

•Adhesives & Sealants

oAdhesives

Tile Adhesives

Cementitious

Epoxy

Tile Grouts

Cementitious

Epoxy

Masonry Mortar

oSealants

Silicone

MS Hybrid

PU

Weatherproof Silicone

Polysulfide

•Concrete Repair Mortar

oCement-based

oEpoxy-based

oMicro Concrete

•Plaster

oCement-based

oGypsum-based

•Asphalt Additives

By Application:

•Infrastructure

•Commercial & Industrial

•Residential

By Region:

•North

•South

•East

•West

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Table of Contents

1. Executive Summary
1.1. India Construction Chemicals Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2019 - 2023
3.1. Average Price Analysis, by Product Type/ Application, US$ Per Unit, 2019 - 2023
3.2. Prominent Factor Affecting India Construction Chemicals Prices
3.3. Average Price Analysis, by Region, US$ Per Unit
4. India Construction Chemicals Market Outlook, 2019 - 2031
4.1. India Construction Chemicals Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Concrete Admixtures
4.1.1.2. Waterproofing Chemicals
4.1.1.2.1. Bitumen
4.1.1.2.2. PVC
4.1.1.2.3. EPDM
4.1.1.2.4. TPO
4.1.1.2.5. PTFE
4.1.1.2.6. Others
4.1.1.3. Protective Coatings
4.1.1.4. Adhesives & Sealants
4.1.1.5. Concrete Repair Mortar
4.1.1.6. Plaster
4.1.1.7. Asphalt Additives
4.2. India Construction Chemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Infrastructure
4.2.1.2. Commercial & Industrial
4.2.1.3. Residential
4.3. India Construction Chemicals Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. North
4.3.1.2. South
4.3.1.3. East
4.3.1.4. West
5. North India Construction Chemicals Market Outlook, 2019 - 2031
5.1. North India Construction Chemicals Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Concrete Admixtures
5.1.1.2. Waterproofing Chemicals
5.1.1.2.1. Bitumen
5.1.1.2.2. PVC
5.1.1.2.3. EPDM
5.1.1.2.4. TPO
5.1.1.2.5. PTFE
5.1.1.2.6. Others
5.1.1.3. Protective Coatings
5.1.1.4. Adhesives & Sealants
5.1.1.5. Concrete Repair Mortar
5.1.1.6. Plaster
5.1.1.7. Asphalt Additives
5.2. North India Construction Chemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Infrastructure
5.2.1.2. Commercial & Industrial
5.2.1.3. Residential
5.2.2. BPS Analysis/Market Attractiveness Analysis
6. South India Construction Chemicals Market Outlook, 2019 - 2031
6.1. South India Construction Chemicals Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Concrete Admixtures
6.1.1.2. Waterproofing Chemicals
6.1.1.2.1. Bitumen
6.1.1.2.2. PVC
6.1.1.2.3. EPDM
6.1.1.2.4. TPO
6.1.1.2.5. PTFE
6.1.1.2.6. Others
6.1.1.3. Protective Coatings
6.1.1.4. Adhesives & Sealants
6.1.1.5. Concrete Repair Mortar
6.1.1.6. Plaster
6.1.1.7. Asphalt Additives
6.2. South India Construction Chemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Infrastructure
6.2.1.2. Commercial & Industrial
6.2.1.3. Residential
6.2.2. BPS Analysis/Market Attractiveness Analysis
7. East India Construction Chemicals Market Outlook, 2019 - 2031
7.1. East India Construction Chemicals Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Concrete Admixtures
7.1.1.2. Waterproofing Chemicals
7.1.1.2.1. Bitumen
7.1.1.2.2. PVC
7.1.1.2.3. EPDM
7.1.1.2.4. TPO
7.1.1.2.5. PTFE
7.1.1.2.6. Others
7.1.1.3. Protective Coatings
7.1.1.4. Adhesives & Sealants
7.1.1.5. Concrete Repair Mortar
7.1.1.6. Plaster
7.1.1.7. Asphalt Additives
7.2. East India Construction Chemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Infrastructure
7.2.1.2. Commercial & Industrial
7.2.1.3. Residential
7.2.2. BPS Analysis/Market Attractiveness Analysis
8. West India Construction Chemicals Market Outlook, 2019 - 2031
8.1. West India Construction Chemicals Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. Concrete Admixtures
8.1.1.2. Waterproofing Chemicals
8.1.1.2.1. Bitumen
8.1.1.2.2. PVC
8.1.1.2.3. EPDM
8.1.1.2.4. TPO
8.1.1.2.5. PTFE
8.1.1.2.6. Others
8.1.1.3. Protective Coatings
8.1.1.4. Adhesives & Sealants
8.1.1.5. Concrete Repair Mortar
8.1.1.6. Plaster
8.1.1.7. Asphalt Additives
8.2. West India Construction Chemicals Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. Infrastructure
8.2.1.2. Commercial & Industrial
8.2.1.3. Residential
8.2.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Product Type vs Application Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Chembond Chemicals Limited
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Master Builder Solutions
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. SIKA AG
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. The Dow Chemical Company
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Pidilite Industries
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Fosroc International
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. MAPEI Construction Products India Pvt. Ltd.
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Flowcrete India Ltd
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. CICO Technologies Limited
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. MYK LATICRETE India
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. Ardex Endura
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
9.4.12. KERAKOLL India Pvt. Ltd
9.4.12.1. Company Overview
9.4.12.2. Product Portfolio
9.4.12.3. Financial Overview
9.4.12.4. Business Strategies and Development
9.4.13. Akzo Nobel NV
9.4.13.1. Company Overview
9.4.13.2. Product Portfolio
9.4.13.3. Financial Overview
9.4.13.4. Business Strategies and Development
9.4.14. RPM International Inc.
9.4.14.1. Company Overview
9.4.14.2. Product Portfolio
9.4.14.3. Financial Overview
9.4.14.4. Business Strategies and Development
9.4.15. Saint-Gobain S.A.
9.4.15.1. Company Overview
9.4.15.2. Product Portfolio
9.4.15.3. Financial Overview
9.4.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations